Focus Partners Advisor Solutions LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,410 shares of the technology company’s stock, valued at approximately $770,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its holdings in SS&C Technologies by 374.3% during the fourth quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after buying an additional 108,746 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in SS&C Technologies by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock worth $18,628,000 after buying an additional 16,278 shares during the period. Kepler Cheuvreux Suisse SA lifted its holdings in SS&C Technologies by 29.4% during the fourth quarter. Kepler Cheuvreux Suisse SA now owns 121,773 shares of the technology company’s stock worth $10,645,000 after buying an additional 27,686 shares during the period. Oppenheimer Asset Management Inc. boosted its position in SS&C Technologies by 122.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 41,976 shares of the technology company’s stock valued at $3,670,000 after acquiring an additional 23,125 shares in the last quarter. Finally, Skylands Capital LLC increased its holdings in shares of SS&C Technologies by 71.6% in the 1st quarter. Skylands Capital LLC now owns 138,475 shares of the technology company’s stock valued at $9,357,000 after acquiring an additional 57,775 shares during the period. 96.90% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SSNC. Morgan Stanley reduced their price target on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, July 24th. UBS Group reiterated a “buy” rating and issued a $99.00 target price on shares of SS&C Technologies in a report on Thursday. DA Davidson reissued a “buy” rating and set a $96.00 price target on shares of SS&C Technologies in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.25.
SS&C Technologies Trading Down 2.1%
Shares of NASDAQ:SSNC opened at $79.80 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $18.73 billion, a P/E ratio of 22.93 and a beta of 1.07. The business’s 50-day moving average is $70.71 and its 200 day moving average is $70.74. SS&C Technologies Holdings, Inc. has a 1 year low of $61.40 and a 1 year high of $91.07.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%.The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. SS&C Technologies has set its FY 2026 guidance at 6.930-7.250 EPS and its Q3 2026 guidance at 1.730-1.790 EPS. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.
SS&C Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. SS&C Technologies’s payout ratio is currently 31.03%.
Insider Activity at SS&C Technologies
In other news, Director Jonathan E. Michael sold 2,740 shares of SS&C Technologies stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the sale, the director directly owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is owned by insiders.
SS&C Technologies Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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